US Bancorp DE Trims Stock Position in DXC Technology (NYSE:DXC)

US Bancorp DE trimmed its holdings in DXC Technology (NYSE:DXC) by 71.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,429 shares of the company’s stock after selling 28,575 shares during the quarter. US Bancorp DE’s holdings in DXC Technology were worth $237,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp raised its holdings in DXC Technology by 16.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 133,344 shares of the company’s stock worth $2,804,000 after purchasing an additional 19,240 shares during the period. Sei Investments Co. lifted its position in shares of DXC Technology by 41.8% during the 1st quarter. Sei Investments Co. now owns 327,080 shares of the company’s stock valued at $6,937,000 after buying an additional 96,398 shares in the last quarter. Millennium Management LLC lifted its position in shares of DXC Technology by 352.6% during the 2nd quarter. Millennium Management LLC now owns 625,197 shares of the company’s stock valued at $11,935,000 after buying an additional 487,072 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in DXC Technology by 3.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 266,718 shares of the company’s stock valued at $5,657,000 after acquiring an additional 9,391 shares during the period. Finally, UniSuper Management Pty Ltd purchased a new stake in DXC Technology in the 1st quarter worth $882,000. 96.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DXC has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of DXC Technology from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on DXC Technology from $19.00 to $22.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Royal Bank of Canada increased their price objective on DXC Technology from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, August 9th. Finally, Susquehanna raised their price objective on DXC Technology from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.89.

Insider Activity at DXC Technology

In other DXC Technology news, SVP Christopher Anthony Voci sold 2,500 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $21.37, for a total value of $53,425.00. Following the completion of the transaction, the senior vice president now owns 83,746 shares in the company, valued at $1,789,652.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

DXC Technology Price Performance

Shares of DXC opened at $22.41 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 1.18. The firm’s fifty day simple moving average is $20.80 and its 200-day simple moving average is $19.45. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 280.13, a PEG ratio of 1.46 and a beta of 1.67. DXC Technology has a twelve month low of $14.78 and a twelve month high of $25.14.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, November 7th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.21. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. DXC Technology had a return on equity of 20.42% and a net margin of 0.18%. During the same quarter last year, the company earned $0.70 EPS. Equities analysts forecast that DXC Technology will post 3.18 EPS for the current fiscal year.

DXC Technology Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).